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Western Midstream Operating, LP

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 18, 2026

WES$41.00+2.9%Stored close · as of Nov 9, 2026

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Contents

Item 9B. Other Information

Amendments to Executive Change in Control Severance Plan

On February 12, 2026, the Western Midstream Partners, LP Executive Change in Control Severance Plan was amended (as amended, the “Amended and Restated Executive CIC Severance Plan”) to, among other things, adopt a form of Transition and Separation Agreement and General Release, which provides for a release of claims and customary restrictive covenants for agreements of this type, including confidentiality, non-disparagement, and non-solicitation of customers, employees, and vendors. The foregoing description of the Amended and Restated Executive CIC Severance Plan is qualified in its entirety by the text of such plan, filed as Exhibit 10.7 to this form 10-K.

Insider Trading Arrangements

Rule 10b5-1 under the Exchange Act provides an affirmative defense that enables prearranged transactions in securities in a manner that avoids concerns about initiating transactions at a future date while possibly in possession of material nonpublic information. Our Insider Trading Policy permits our directors and executive officers to enter into trading plans designed to comply with Rule 10b5-1. During the three months ended December 31, 2025, none of our executive officers or directors adopted or terminated a Rule 10b5-1 trading arrangement (as defined in Item 408(a)(1)(i) of Regulation S-K) or adopted or terminated a non-Rule 10b5-1 trading arrangement (as defined in Item 408(c) of Regulation S-K).

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